Reply
Established Contributor
Posts: 858
Registered: ‎06-26-2007
0

How do I lower my debt to income ratio?

Good evening, All
 
Wanted to know how to reduce my debt from 54% to 50%
Regular Contributor
Posts: 171
Registered: ‎05-18-2007
0

Re: How do I lower my debt to income ratio?

Pay some of your debt.
For age and want, save while you may; no morning sun lasts a whole day.
--Benjamin Franklin
Regular Contributor
Posts: 171
Registered: ‎05-18-2007
0

Re: How do I lower my debt to income ratio?

Or get a raise.
For age and want, save while you may; no morning sun lasts a whole day.
--Benjamin Franklin
New Visitor
Posts: 4
Registered: ‎08-22-2007
0

Re: How do I lower my debt to income ratio?

Hello,
 
Get a copy of your credit report and do the math.  See what you can pay down to lower your percentage.  Maybe a little payment on everything might do the trick. MG
Established Contributor
Posts: 858
Registered: ‎06-26-2007
0

Re: How do I lower my debt to income ratio?

Ok ya'll that was kinda obvious.  But how would one know where to start and figure out what would really make a difference?
Super Contributor
Posts: 8,172
Registered: ‎03-25-2007
0

Re: How do I lower my debt to income ratio?



myhearts07 wrote:
Ok ya'll that was kinda obvious.  But how would one know where to start and figure out what would really make a difference?


I am not sure there is much sublety that can be applied to DTI.  Either I has to go up or D has to go down.  If it is for a mortgage, I assume they prefer D to be installment not CC, and preferably established installment not new installment
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Established Contributor
Posts: 858
Registered: ‎06-26-2007
0

Re: How do I lower my debt to income ratio?

Alright.  Thanks

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.